U.S. Bank
Investment Compliance Specialist
U.S. Bank, Charlotte, North Carolina, United States, 28245
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Investment Compliance Specialist will provide investment compliance risk oversight and credible challenge from the second line of defense. This role is designed to support the Wealth, Corporate, Commercial and Institutional Banking program to ensure activities relating to investment of U.S. Bank Wealth fiduciary client assets are in compliance with applicable laws, rules, guidance, regulations, and governing instruments.
Expected Responsibilities:
Provide oversight of trade desk and trading practices to ensure compliance with laws and regulations governing activities such as best execution, soft dollars, and broker-dealer reviews.
Support and provide oversight of personal security trading surveillance program.
Understand and propose solutions to compliance gaps associated with the use of private capital and other alternative investments.
Review internal communication and external advertising, marketing, and client communication materials to ensure adequate disclosures and overall compliance with regulations.
Provide oversight of client investment reporting and performance presentations.
Perform risk assessments on new investment products, business processes and third-party service providers as needed.
Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
Partners and maintains relationship with their assigned Line of Business, Legal, and other Risk/Compliance/Audit professionals.
Collaborate with other stakeholders to identify, escalate and propose solutions to compliance violations and control gaps and weaknesses that may lead to compliance violations.
Provides compliance support to assist with policy and procedures related to the monitoring and oversight program.
Support and oversee compliance with Rule 23B of the Federal Reserve Act.
Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically more than eight years of compliance experience from a financial institution, audit, consulting and/or regulatory agency such the OCC, FINRA, SEC or Federal Reserve.
Preferred Skills/Experience
Willingness to keep up with industry and regulatory developments and to continuously expand compliance knowledge and skills as needed.
Willingness to professionally challenge existing processes and propose and negotiate workable solutions.
Working knowledge of industry best practices and the rules and regulations governing private market holdings and the management of unique and hard to value assets.
Experience in performance presentation compliance.
Background or experience in RIA or SEC regulated firm compliance is a plus.
Relevant industry certification is a plus.
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
**We are hiring in the following location:
Charlotte, NC
Minneapolis, MN
Cincinnati, OH
Tempe, AZ
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $108,375.00 - $127,500.00 - $140,250.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
Job Description
The Investment Compliance Specialist will provide investment compliance risk oversight and credible challenge from the second line of defense. This role is designed to support the Wealth, Corporate, Commercial and Institutional Banking program to ensure activities relating to investment of U.S. Bank Wealth fiduciary client assets are in compliance with applicable laws, rules, guidance, regulations, and governing instruments.
Expected Responsibilities:
Provide oversight of trade desk and trading practices to ensure compliance with laws and regulations governing activities such as best execution, soft dollars, and broker-dealer reviews.
Support and provide oversight of personal security trading surveillance program.
Understand and propose solutions to compliance gaps associated with the use of private capital and other alternative investments.
Review internal communication and external advertising, marketing, and client communication materials to ensure adequate disclosures and overall compliance with regulations.
Provide oversight of client investment reporting and performance presentations.
Perform risk assessments on new investment products, business processes and third-party service providers as needed.
Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations.
Partners and maintains relationship with their assigned Line of Business, Legal, and other Risk/Compliance/Audit professionals.
Collaborate with other stakeholders to identify, escalate and propose solutions to compliance violations and control gaps and weaknesses that may lead to compliance violations.
Provides compliance support to assist with policy and procedures related to the monitoring and oversight program.
Support and oversee compliance with Rule 23B of the Federal Reserve Act.
Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Typically more than eight years of compliance experience from a financial institution, audit, consulting and/or regulatory agency such the OCC, FINRA, SEC or Federal Reserve.
Preferred Skills/Experience
Willingness to keep up with industry and regulatory developments and to continuously expand compliance knowledge and skills as needed.
Willingness to professionally challenge existing processes and propose and negotiate workable solutions.
Working knowledge of industry best practices and the rules and regulations governing private market holdings and the management of unique and hard to value assets.
Experience in performance presentation compliance.
Background or experience in RIA or SEC regulated firm compliance is a plus.
Relevant industry certification is a plus.
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
**We are hiring in the following location:
Charlotte, NC
Minneapolis, MN
Cincinnati, OH
Tempe, AZ
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $108,375.00 - $127,500.00 - $140,250.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.